For the first time in decades, the Railway Hotel in Windsor has been listed for sale, offering genuine upside in a growth corridor.
A classic corner pub, the two-storey Railway is at the gateway to the Windsor retail and commercial precinct, unsurprisingly adjacent to the train station, and council car parking.
It includes a bar, with ‘early opener’ trading licence, gaming room with five machine entitlements, kitchen, beer garden, and manager’s residence on the upper level.
For the past 36 years it has been in private hands, and for the past 27 years it has been operated by husband and wife locals, Trenna and Colin Tumbridge.
“We’re listing the hotel with a heavy heart, but after 36 years of family ownership, the time is right to hand the keys to someone that has the time, energy, and money to reposition the hotel and reap the rewards,” explains Trenna.
An unpolished diamond in a booming LGA, it occupies a prominent 1,005 sqm site, almost half of the trading footprint is unutilized, and there is currently no foodservice offering.
Its situation could be considered a blank canvas, rife for repositioning and an on-trend food and beverage proposition. The lot also holds flexible zoning, suggesting the possibility for further development (STCA).
Billed as an “entry-level” asset, the Railway is likely to attract interest from owner-operators seeking an under-priced metropolitan Sydney freehold.
The area has seen significant transactions in recent times, including sale of the Bligh Park Tavern for $12 million, and the Vineyard Hotel for $68 million.
“It’s unrenovated, underperforming, and its price point is essentially underwritten by its underlying land, building, and gaming machine value, which significantly mitigates any risks associated with first-time operators,” says HTL Property’s Sam Handy, marketing the asset with colleague Blake Edwards.
The freehold going concern of the Railway Hotel Windsor is being sold via Expressions of Interest, closing Thursday, 14 March.
